Autoliv, Inc. (NYSE:ALV)

The Company is a supplier of automotive safety systems with a range of product offerings, including modules and components for passenger and driver-side airbags, side-impact airbag protection systems, seatbelts, steering wheels, safety electronics etc.

Magic Formula screener (not Top 50), TMF pick. Recently raised their dividend payout (payout ratio appears to be very sustainable, under 20% of earnings). Along with the payout, debt is being paid down very nicely.

They are a global leader, and their Asian growth has outpaced their EU and NA growth recently. THey've booked programs through 2014 that essentially guarantee a 45% growth in revenue, and will aggressively restrain ocsts, as they've shown their ability to do in recent years